Angus Energy Share Discussion Threads

[iceagefarmer] 24/5/2022 14:55

and thats just for saltfleetby

[iceagefarmer] 24/5/2022 14:55

SHELL £300M TAKEOUT COMING..LOOSE CHANGE TO THEM

[stockhunters] 24/5/2022 14:54

why would you be worried JT?

[iceagefarmer] 24/5/2022 14:53

time to pile in like no tomoro!

[iceagefarmer] 24/5/2022 14:53

buys actually

[jtidsbadly] 24/5/2022 14:50

OOH, two big sales. The 91mm. will be Mr. Forrest, presumably? Who owned the 83mm?

If the share price gets teased back up above 1.20 for a week or two, I’d be very worried to be a shareholder in this.

[iceagefarmer] 24/5/2022 14:49

re rate coming..could happen in the blink of an eye..anyone out now is insane

[ja51oiler] 24/5/2022 14:47

So a second £1.4 Million to payback!

The streets of Brighton must be noisy with Mr Forrest's laughter and joy at this "Lottery win" of a deal for him!!

Gets rid of the £10. Million pipeline De-com costs and a £1.4 million loan.....and all for a company that showed £89k in the bank before the Wingas (AKA The Russian Federation)deal!......... I hope the authorities aren't looking into this searching for those missing Russian Billions...After all, that deal looks too good to be true!!

[jtidsbadly] 24/5/2022 14:35

1347: have you included the warrants?

Re my remarks above concerning the second part of the deal being voted down, I wouldn’t be surprised to see Aleph abstain. Three weeks should be long enough for the market to absorb their first tranche and Forum’s shares. Though it will take some careful management of the share price, which is below the placing price currently. So I think we may expect another puff piece or two possibly involving a chubby bearded bloke in flashy clothes and a vague snooty-looking chap - whom jonny refers to as a “bellend”;. Odd that I hadn’t come across that epithet before. I wonder what it means. I suppose I should be grateful to jonny that I know what one looks like, what?

[1347] 24/5/2022 14:32

Oh then there's this..

· the issue and allotment of the 546,000,000 Ordinary Shares at a price of 1.2 pence per Ordinary Share (the ("Acquisition Price") at Completion (the "Additional Consideration Shares") which are subject to lock-up provisions detailed below;

Has anyone located the lock-up provisions below? Below what?

[1347] 24/5/2022 14:29

"The Company has also agreed to assume a debt of £1,400,000 owed by the seller (Forum) to the Target (Saltfleetby Energy Ltd) which is expected to result in £nil cash outflow to Angus."

I still find it odd that it comes to the same amount of the Knowe CLN.

[1347] 24/5/2022 14:25

So I caculate that a total of 86% more shares will be issued to others to acquire 49% of Poundland. Or put another way, those getting the new shares will get to own 52% of Anguish Energy in order to acquire 49% of just one of the assets of Anguish Energy.

On top of that, £250,000 paid out in cash on completion, £6,250,000 in deferred cash consideration (as well as all those interest and royalty payments), and they've assumed £1,400,000 of debt to boot. This is a complete dog's breakfast of a deal in my view, no wonder Frazer (and probably others) exited stage right.

[sincero1] 24/5/2022 14:25

icefarmer ..... this will be back up in a few days ... mm's just praying on the stupid .... and forums littered with obsessed oldies wasting the precious time they have left achieving nothing but humiliation .. .....

[iceagefarmer] 24/5/2022 14:19

mms fishing for shares...oh well i just buy more

[jtidsbadly] 24/5/2022 14:17

.. in fact, it seems that Forum will get its shares before the EGM. Aleph will get half of theirs. So for a while, Forum will have close to 40%. It wouldn’t be difficult for them to enlist sufficient support to vote down the second part of the Aleph deal, would it? No, that’s not going to happen, is it?

[jtidsbadly] 24/5/2022 14:11

1347: I read it as a loan from SEL to Anguish of £1.4mm, which Anguish are extinguishing with a gift to SEL of £250,000. Am I incorrect?

In addition to everything else, there’s an even longer and more detailed disclaimer at the end of the spiel. To put it in plain English, “You needn’t believe a single word of the above, for which no one concerned takes any responsibility.̶1; They may just be making it all up. No one will do anything if they are.

Stockhunters: it’s the Forum shares that are embargoed in this way. I can’t see a limit on what Aleph may do. Is there one?

[john henry] 24/5/2022 14:08

Forward selling was in the market Fri and Monday. With todays final volume probably around 300,000,000shares traded in 3 days. Imho they will be out by the end of the week

[shareprofessor] 24/5/2022 14:01

Standard AIM malarkey today. According to the fundamentals two thirds of trades so far are buys, a fact I am sure is missed by many with a low mental capacity. I fully expect price to rise in the following days. The trend is very positive and has been for a considerable time.

[1347] 24/5/2022 14:00

JT The loan is between his companies though isn't, so effectively Anguish are gifting him another £1.4 million are they not?

[jtidsbadly] 24/5/2022 13:59

1347: yes, I’m afraid I agree with you. No regulation at all on AIM, it seems to me. Haul them all off in gyves, that’s what I’d do. A few months at Her Majesty’s pleasure in Jubilee Year would do them a world of good.

Could the £1.4mm. previously undisclosed loan be an undisclosed condition of the re-negotiated Knowe loan? It always seemed odd that Knowe would accept so little in return for a year’s extension.

[stockhunters] 24/5/2022 13:56

JT

you are right on that I think he should have rnsed every 1% but that is down to them to declare not ANGS

[1347] 24/5/2022 13:53

Oh and just picked up on this.

"As a result of the issue of the Initial Consideration Shares and Additional Consideration Shares and following the issue of the Initial Subscription Shares detailed below, Forum, will hold 637,000,000 Ordinary Shares in Angus representing approximately 28% of the Enlarged Issued Share Capital and just under 25% of the Enlarged Issued Share Capital following the issue of the Secondary Subscription Shares below."

Now on 20th January 2022 Forum Energy Services had 12,500,000 shahres and had already been selling down, as per the Forms 8.3 issued at that time, which as I've already indicated in my opinion may have been in breach of Takeover Code Rule 4.

So since Forum Energy Services will be getting 91,000,000 plus 546,000,000 consideration shares, which comes to 637,000,000 shares, it would seem that the 12,000,000 shares previously held have been sold in the interim period.

Since the FSP involved the potential sale of Poundland then Forum, as 49% owners, would surely have to have been privy to information that would mean that they would be classed as an insider? What do others think?

[jtidsbadly] 24/5/2022 13:50

1347: Forum’s acceptance of £250,000 in full payment for a £1.4mm. loan doesn’t suggest a high level of confidence in Anguish’s future on Mr. Forrest’s part, in my view. Perhaps I’m reading too much into it? He’ll get close to £1mm. for his shares, whatever else happens. Possibly not what he was hoping for in his sleepless hours but better than a slap in the mutton chops, what?

[sincero1] 24/5/2022 13:41

grey old mutton chops on standby for a slapping....it's coming again ....

[1347] 24/5/2022 13:00

Oh and I see the NTSA could blow the whole thing out of the water requiring them implementing the alternative arrangements.